A Review Of The Trading Industry’s 3 Best Brokers

This is just an opinion piece based on actual experience and other reviews designed to offer you some help if you’re choosing or changing brokers. Out of all the brokerage firms out there, we’ve broken it down to 3 firms that give you the best value, and offer the widest range of capabilities.

Moreover, these are some of the most reputable firms in the industry, with a high safety of funds. You won’t have to worry about them going out of business any time soon.

Please note that Operator Trading is not affiliated with these firms in any way, nor do we receive any kickbacks from it. Although if you’re a representative from one of these firms reading this, we certainly are open to it. Hey, just being honest…

Anyhow, here’s our pick of the 3 best brokerage firms, and the reasons we think they’re the best.

If you’ve been following our content, or have taken our courses, you know that we like Thinkorswim a lot. Thinkorswim just provides so many features, and so much information that is necessary for every serious trader. Before being bought out by TD Ameritrade, Thinkorswim was its own brokerage firm. The firm was started by real traders, for traders, so naturally the platform is very, very capable.

Overall, Thinkorswim is great. In all honesty, what you are getting with this complete platform makes up for the fee’s 10x over. The amount of information that Thinkorswim offers give you nearly all the tools and resources you need to make sure you aren’t flying blind.

Sure, the fee’s aren’t spectacular. However, would you rather have a super cheap broker that gave you basic technology, and information, or a broker that was decently priced with the whole package? Enough said.

Tradestation has been around since the early 80’s. It has definitely earned its stripes as an industry staple. They actually just went through whole re-branding cycle, which let’s be real was much-needed.

Anyhow, while not as robust as Thinkorswim, Tradestation is still a very close competitor. Let’s look at some Pro’s and Con’s, shall we?

Full disclosure, I still have yet to try Tastyworks. However, Tastyworks is the second platform that was built by the same people who originally built Thinkorswim. Tastyworks is designed more towards the Options trader, however it offers almost all of the common trading products out there. To my knowledge, other than Currency Futures, it does not offer Spot Forex.

Tastyworks Pro’s

No need to jump through a bunch of hoops to get special account permissions

Extremely fast, and lightweight platform

Tastyworks Con’s

Their Active Trader software is a little different from most other trading platforms. That’s not to say it’s bad. It’s just different

Don’t expect new features to be out by the time they say they will

Who Should You Choose?

That’s up for you to decide. My pick is Thinkorswim. It offers a straightforward, and robust platform. When it comes to comparing Thinkorswim to Tradestation, the commission schedule that Tradestation offers is about the only thing that would sway me towards Tradestation. Thinkorswim’s Options Chain is just too damn good.

On the other hand, the fact that Tastyworks is essentially Thinkorswim 2.0, plus killer commissions will definitely be something that I will be looking into more deeply here in the near future.

Let us know what you think of these two platforms down in the comments. What are your own experiences, and opinions of these firms?

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